LED Billboard Lights Market - Global Industry Analysis

LED Billboard Lights Market Size - By Product Type (Power below 100W, Between 100W and 200W, and Power above 200W), By Application (Column Billboard and Wall Billboard), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 28-Apr-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-6177 Status : Published

Global LED Billboard Lights market accrued earnings worth approximately 12 (USD Billion) in 2019 and is predicted to gain revenue of about 22 (USD Billion) by 2026, is set to record a CAGR of nearly 10.1% over the period from 2020 to 2026.

Description

The global LED Billboard Lights market accrued earnings worth approximately 12 (USD Billion) in 2019 and is predicted to gain revenue of about 22 (USD Billion) by 2026, is set to record a CAGR of nearly 10.1% over the period from 2020 to 2026. The report offers assessment and analysis of the LED Billboard Lights market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

LED billboard lights offers a particular modular family of LED lightning products in solid state and substitutes the high pressure lightning sources made from sodium metal. It is durable and power efficient. Apart from this, the product is the kind of flood lights embedded with optics utilized for illuminating da billboard either at bottom or at top.

Market Growth Drivers

Advent of LED technology is anticipated to bring a paradigm shift in the light industry and this is likely to drive market trends. With LED systems achieving cost-cutting edge in myriad applications, the LED billboard lights market is anticipated to accelerate in the upcoming years. LED has become an affordable technology and this will culminate in LED billboard market size in the coming decade. Reportedly, global earnings from LED lightning industry are projected to expand at 30.1% annually and accounted for nearly 62% of overall lightning industry profits in the 2020. This, in turn, will uplift the LED Billboard lights market value in the upcoming years.

Furthermore, LED being revolutionary lightning technology, it provides various benefits such as over 80% of power savings as compared to traditional tube lights and carbon abatement.  Growing acceptance of LED will exhilarate the LED billboard lights industry revenue over the forecast timeframe. Moreover, growing trend of LED lightning technologies are expected to bring a shift in LED billboard lights market dynamics. Apart from this, LED provides more advantages over conventional lightning products such as compact fluorescent lamps, incandescent lamps, and halogen lamps. In addition to this, LED bulbs have a long lifespan of nearly 15 years which is about four times more than compact fluorescent lamps (CFL) lifespan. All these aforementioned factors will create lucrative growth avenues for LED billboard lights industry in the years ahead. However, high costs of LED technologies as compared to traditional tube lights along with initial costs as well as replacement costs of these LEDs can pose a threat to the growth of LED billboard lights industry in the near future. Nonetheless, rise in the sales of the LES billboard lights owing to rapid growth of LED chip scale package (CSP) market is likely to boost business trends.

Regional Landscape

Asia Pacific Market To Register Exponential Growth Over 2020-2026

The growth of LED billboard lights industry in Asia Pacific over the assessment period is credited to large-scale product penetration in the countries such as China and Japan. In addition to this, large-scale funding of LED chips & package production in countries such as China will proliferate the regional market size in the years ahead. Thriving construction industry in the Asian continent and favorable government policies supporting the use of the product will assist the market is to expand sumptuously over the forecast timeline. Apart from this, escalating awareness pertaining to energy savings due to severe power supply shortage in the region has led to huge product penetration in the sub-continent in the recent years. This will bring an increment in the regional market share over 2020-2026.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Key players profiled in the report are Philips, GE Lightning, Acuity Brands, Eaton Corporation, Panasonic Corporation, Toshiba, Cree, LG Electronics, Toshiba, TCP, Lextar, Hubbell, MLS, FSL, Nichia,
Opple, and Havells.

The global LED Billboard Lights Market is segmented as follows:

By Application

  • Column Billboard
  • Wall Billboard

By Product Type

  • Power below 100W
  • Between 100W and 200W
  • Power above 200W

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. LED Billboard Lights Market, 2016–2026(USD Billion)
    • 2.2. LED Billboard Lights Market: Snapshot
  • Chapter 3. Global LED Billboard Lights Market– Industry Analysis
    • 3.1. LED Billboard Lights Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Growing acceptance of LED will exhilarate the LED billboard lights industry revenue over the forecast timeframe.
      • 3.2.2. Escalating trend of LED lightning technulogies are expected to bring a shift in LED billboard lights market dynamics.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product Type
      • 3.4.2. Market attractiveness analysis By Application
  • Chapter 4. Global LED Billboard Lights Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global LED Billboard Lights Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global LED Billboard Lights Market– Product Type Analysis
    • 5.1. Global LED Billboard Lights Market overview: By Product Type
      • 5.1.1. Global LED Billboard Lights Market share, By Product Type , 2019 and 2026
    • 5.2. Power below 100W
      • 5.2.1. Global LED Billboard Lights Marketby Power below 100W, 2016–2026(USD Billion)
    • 5.3. Between 100W and 200W
      • 5.3.1. Global LED Billboard Lights Market by Between 100W and 200W, 2016–2026(USD Billion)
    • 5.4. Power above 200W
      • 5.4.1. Global LED Billboard Lights Market by Power above 200W, 2016–2026(USD Billion)
  • Chapter 6. Global LED Billboard Lights Market– Application Analysis
    • 6.1. Global LED Billboard Lights Market overview: By Application
      • 6.1.1. Global LED Billboard Lights Market share, By Application , 2019 and 2026
    • 6.2. Culumn Billboard
      • 6.2.1. Global LED Billboard Lights Market by Culumn Billboard, 2016–2026(USD Billion)
    • 6.3. Wall Billboard
      • 6.3.1. Global LED Billboard Lights Market by Wall Billboard, 2016–2026(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Philips
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. GE Lightning
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Acuity Brands
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Eaton Corporation
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Panasonic Corporation
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Toshiba
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Cree
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. LG Electronics
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Opple
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Nichia
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. FSL
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. MLS
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development
    • 7.13. Hubbell
      • 7.13.1. Overview
      • 7.13.2. Financials
      • 7.13.3. Product Portfolio
      • 7.13.4. Business Strategy
      • 7.13.5. Recent Development
    • 7.14. Lextar
      • 7.14.1. Overview
      • 7.14.2. Financials
      • 7.14.3. Product Portfolio
      • 7.14.4. Business Strategy
      • 7.14.5. Recent Development
    • 7.15. TCP
      • 7.15.1. Overview
      • 7.15.2. Financials
      • 7.15.3. Product Portfolio
      • 7.15.4. Business Strategy
      • 7.15.5. Recent Development
    • 7.16. Havells
      • 7.16.1. Overview
      • 7.16.2. Financials
      • 7.16.3. Product Portfolio
      • 7.16.4. Business Strategy
      • 7.16.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global LED Billboard Lights   Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global LED Billboard Lights   Marketattractiveness, By Product Type 
6. Global LED Billboard Lights   Marketattractiveness, By Application
7. Global LED Billboard Lights   Marketshare by Product Type ,2019 and 2026 (USD Billion)
8. Global LED Billboard Lights   Marketby Power below 100W, 2016–2026(USD Billion)
9. Global LED Billboard Lights   Marketby Between 100W and 200W, 2016–2026(USD Billion)
10. Global LED Billboard Lights   Marketby Power above 200W, 2016–2026(USD Billion)
11. Global LED Billboard Lights   Marketshare by Application ,2019 and 2026 (USD Billion)
12. Global LED Billboard Lights   Marketby Column Billboard, 2016–2026(USD Billion)
13. Global LED Billboard Lights   Marketby Wall Billboard, 2016–2026(USD Billion)
14. Global LED Billboard Lights   Marketshare, by Region, 2019 and 2026
15. North America LED Billboard Lights   Market, 2016–2026(USD Billion)
16. Europe LED Billboard Lights   Market, 2016–2026(USD Billion)
17. Asia Pacific LED Billboard Lights   Market, 2016–2026(USD Billion)
18. Latin America LED Billboard Lights   Market, 2016–2026(USD Billion)
19. The Middle East and Africa LED Billboard Lights   Market, 2016–2026(USD Billion)
 


Table Of Tables

List of Tables

1. Global LED Billboard Lights   Market: snapshot
2. Drivers of the LED Billboard Lights   Market: impact analysis
3. North America LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
4. North America LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
5. The U.S. LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
6. The U.S. LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
7. Rest of North America LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
8. Rest of North America LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
9. Europe LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
10. Europe LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
11. UK LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
12. UK LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
13. France LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
14. France LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
15. Germany LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
16. Germany LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
17. Rest of Europe LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
18. Rest of Europe LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
19. Asia Pacific LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
20. Asia Pacific LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
21. China LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
22. China LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
23. Japan LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
24. Japan LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
25. India LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
26. India LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
27. Rest of Asia Pacific LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
28. Rest of Asia Pacific LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
29. Latin America LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
30. Latin America LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
31. Brazil LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
32. Brazil LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
33. Rest of Latin America LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
34. Rest of Latin America LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
35. The Middle East and Africa LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
36. The Middle East and Africa LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
37. Saudi Arabia LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
38. Saudi Arabia LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
39. South Africa LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
40. South Africa LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)
41. Rest of the Middle East & Africa LED Billboard Lights   Market revenue, By Product Type  ,2016–2026(USD Billion)
42. Rest of the Middle East & Africa LED Billboard Lights   Market revenue, By Application  ,2016–2026(USD Billion)

 


 

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FrequentlyAsked Questions

Advent of LED technology is anticipated to bring a paradigm shift in the light industry and this is likely to drive market trends. With LED systems achieving cost-cutting edge in myriad applications, the LED billboard lights market is anticipated to accelerate in the upcoming years. LED has become an affordable technology and this will culminate in LED billboard market size in the coming decade. Reportedly, global earnings from LED lightning industry are projected to expand at 30.1% annually and accounted for nearly 62% of overall lightning industry profits in the 2020. This, in turn, will uplift the LED Billboard lights market value in the upcoming years. Furthermore, LED being revolutionary lightning technology, it provides various benefits such as over 80% of power savings as compared to traditional tube lights and carbon abatement.  Growing acceptance of LED will exhilarate the LED billboard lights industry revenue over the forecast timeframe. Moreover, growing trend of LED lightning technologies are expected to bring a shift in LED billboard lights market dynamics.

According to Zion market research report, the global LED Billboard Lights market accrued earnings worth approximately 12 (USD Billion) in 2019 and is predicted to gain revenue of about 22 (USD Billion) by 2026, is set to record a CAGR of nearly 10.1% over the period from 2020 to 2026.   

Asia Pacific continent will contribute lucratively towards the global market size over the estimated timeline. The regional market surge can be ascribed to large-scale product penetration in the countries such as China and Japan. In addition to this, large-scale funding of LED chips & package production in countries such as China will proliferate the regional market size in the years ahead. Thriving construction industry in the Asian continent and favorable government policies supporting the use of the product will assist the market is to expand sumptuously over the forecast timeline. Apart from this, escalating awareness pertaining to energy savings due to severe power supply shortage in the region has led to huge product penetration in the sub-continent in the recent years. This will bring an increment in the regional market share over 2020-2026.

The key market participants include Philips, GE Lightning, Acuity Brands, Eaton Corporation, Panasonic Corporation, Toshiba, Cree, LG Electronics, TCP, Lextar, Hubbell, MLS, FSL, Nichia, Opple, and Havells.

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